These days, young people much prefer searching through their phone to meet people instead of actual face to face conversation. Technology has transformed the dating world, led by apps such as Tinder. Users can swipe right on anyone in their area they might be interested in meeting up with for a date. Valued at over $1.3B in 2015 with a ceiling of over $3B based of downloads and subscriptions, there is no doubt that Tinder was a home run for the co-founders. However, much like dating these days, there is not always smooth sailing. In a new lawsuit, the original co-founders are suing the current owners, claiming they inflated the valuation and seeking over $2B in damages. Continue reading
Whitney Wolfe, a former executive at Tinder has filed a lawsuit against the start-up company on sexual harassment claims. Several complaints of inappropriate text messages and emails were reported by Ms. Wolfe and ignored by upper executives at the company. “Ms. Wolfe said in the lawsuit that even though she was instrumental in the establishment of the dating app, her colleagues did not call her a founder because of her age and gender”. Justin Mateen, the executive responsible for the inappropriate messages sent to Wolfe, has recently been put on suspension. An internal investigation is being conducted within the company.